paper, we begin by examining the efficiency implications of this joint regulation of drug safety. We find that joint … regulation of drug safety can be inefficient when the regulatory authority mandates a binding and well enforced level of safety …

This paper examines the role of regulation and competition in generic markets. Generics offer large potential savings … to payers and consumers of pharmaceuticals. Whether the potential savings are realized depends on the extent of generic …

Efforts to strengthen the global patent system for pharmaceuticals continue to be controversial, and what will likely … seven years after those in another. Both price regulation and intellectual property rights influence these outcomes. The …

We examine the relationship between patent protection for pharmaceuticals and investment in development of new drugs …. Patent protection has increased around the world as a consequence of the TRIPS Agreement, which specifies minimum levels of … intellectual property protection for members of the World Trade Organization. It is generally argued that patents are critical for …